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Sep 27, 2012 4:30pm PDT
we begin with discouraging news about the sluggish economy. by the broadest measurement, economic growth slowed sharply in the second quarter. the gross domestic product was revised considerably lower today. growth was 1.3% in the april through june period. just a month ago, the estimate was 1.7%. add that to a big drop in purchases of big ticket items, like washing machines and furniture. in august, durable goods orders fell 13.2%, and you've got an economy that's just muddling along. but one ray of encouragement-- fewer people filed for unemployment benefits for the first time last week. clai fell by 26,000 to their july lows of 359,000 claims. on wall street, the dow jumped 72 points, the nasdaq added almost 43 points, the s&p up 13. while the u.s. continues working through problems left over by the great recession, there are big new challenges ahead in the form of the fiscal cliff and the ongoing mess in europe. darren gersh tonight takes a look at the risks ahead and the prospects for the economy's one clear bright spot, housing. >> reporter: this muddle-through economy of ou
Search Results 0 to 0 of about 1